U.S. CPI jumps as fuel prices rise

13 October 2017

 

Higher fuel prices have driven U.S. consumer inflation higher in September but less than by what economists had expected. Consumer price index (CPI) figures released by the Bureau of Labor Statistics indicated prices rose by 0.5% in September, just short of the market expectations of a 0.6% increase. On a 12-month basis the consumer inflation rate increased from August’s 1.9% to 2.2%. Fuel prices accounted for over 80% of the...

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